New deputy governor says Bank has support

Published date17 April 2024
Publication titleJournal, The
However, Clare Lombardelli, who will join the Bank in July, said she hopes for a shake-up over forecasting after criticisms in last week's Bernanke review

Ms Lombardelli, who will take over from Ben Broadbent, made the comments amid questions from Parliament's Treasury Select Committee.

It came days after former prime minister Liz Truss said Bank of England governor Andrew Bailey should resign over his response to the 2022 mini budget which triggered market turmoil, and said she wants to "see the back" of the OBR (Office for Budget Responsibility) watchdog...

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